Question
Bonita Industries's accounting records reflect the following inventories: Dec. 31, 2017 Dec. 31, 2016 Raw materials inventory $370000 $320000 Work in process inventory 300000 160000
Bonita Industries's accounting records reflect the following inventories:
| Dec. 31, 2017 | Dec. 31, 2016 | |
| Raw materials inventory | $370000 | $320000 |
| Work in process inventory | 300000 | 160000 |
| Finished goods inventory | 190000 | 150000 |
During 2017, $870000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000. Bonita Industries's total manufacturing costs incurred in 2017 amounted to
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The Theories Of Audit Expectations And The Expectations Gap
Authors: Ecaterina Volosin
1st Edition
3640192311, 978-3640192311
